Hab Coin Review: Worthless Habcoin altcoin + pyramid recruitment

There is no information on the Hab Coin website indicating who owns or runs the business.

On the “partners” section of the website, Hab Coin name Hab & JPR Privee Group of Companies as a partner.

Multiple corporate addresses for HAB & JPR Privee Group of Companies in England, Israel, the Cayman Islands and Hong Kong are given.

According to the HAB & JPR Privee Group of Companies website, they are

a number of member firms (who have) collaborate(d) together sharing expertise, know how and a network of contacts that include the Government and Banking sectors to achieve the core activity of HAB & JPR Privee Group of Companies which is project financing.

Ruby and higher – 5% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1.5% on levels 5 and 8 and 1% on levels 9 to 12

Matching Bonus

The Matching Bonus is a percentage match on commissions earned by a Hab Coin affiliate’s unilevel team.

How much of a match and how many levels the matching bonus is paid on is determined by a Hab Coin affiliate’s rank:

Pearl – 10% on level 1 and 5% on levels 2 and 3

Sapphire – 15% on level 1 and 5% on levels 2 to 4

Ruby – 20% on level 1 and 5% on levels 2 to 5

Emerald – 25% on level 1 and 5% on levels 2 to 6

Platinum – 30% on level 1 and 5% on levels 2 to 7

Diamond or higher – 35% on level 1 and 5% on levels 2 to 8

Generation Bonus

Diamond 1 and higher affiliates are able to earn a commission beyond the first twelve levels of their unilevel team.

A generation in the Hab Coin compensation plan is defined when a Diamond 1 or higher ranked affiliate is found in a unilevel leg.

This affiliate caps off the first generation, with the second generation defined when another Diamond 1 or higher ranked affiliate is found deeper in the leg.

If no such affiliate is found, the second generations runs the entire length of the unilevel leg.

Subsequent generations are defined in the same manner, with one unilevel leg able to hold up to five generations.

The Generation Bonus is paid out as a percentage of BV generated in a generation.

How many generations a Hab Coin affiliate can earn on is determined by their affiliate rank:

Diamond 1 – 3% on the first generation

Diamond 2 – 3% on the first generation and 1.5% on the second

Diamond 3 – 3% on the first generation, 1.5% on the second and 1% on the third

Diamond 4 – 3% on the first generation, 1.5% on the second and 1% on the third and fourth

Diamond 5 – 3% on the first generation, 1.5% on the second and 1% on the third to fifth

Coded Bonus

The Coded Bonus is an additional commission paid out on new investment in a Hab Coin affiliate’s unilevel team.

The Coded Bonus pays up to 50% of the BV generated by new investment.

How much of a percentage is paid out is determined by a Hab Coin affiliate’s rank:

Startup – no commission

Bronze – 10%

Silver – 15%

Gold – 20%

Pearl – 26%

Sapphire – 32%

Ruby – 38%

Emerald – 43%

Platinum – 47%

Diamond and above – 50%

When a unilevel team affiliate invests, the affiliate who recruited them is paid the coded percentage according to their rank.

If they are a rank lower than Diamond, the remaining percentage balance is paid out to affiliates higher in the upline of greater rank.

Eg. A new affiliate’s investment generates 100 BV.

The affiliate who recruited them is a Pearl rank, so they are paid 26% of the 100 BV generates ($26).

24% of the coded bonus remains, so the system looks further up the upline for a Sapphire or higher ranked affiliate to pay it out to.

Let’s say the next higher ranked affiliate found is an Emerald. The difference between the 43% Emerald rate and the already paid out 26% Pearl rate is 17%.

The Emerald affiliate is thus paid 17% ($17) with 7% remaining.

If the next highest ranked affiliate found is a Platinum, they are paid 4% with the remaining 3% going to the first found Diamond or higher ranked affiliate.

If the next highest ranked affiliate found is a Diamond or higher, they are paid the full 7% remaining and the system stop searching.

National Bonus

The National Bonus is made up of two bonus pools:

a Diamond 4 pool made up of 1% of company-wide BV

a Diamond 5 pool made up of 0.5% of company-wide BV

Both pools are paid out monthly, with Hab Coin affiliates able to qualify for an equal share in the pools by qualifying at the Diamond 4 or Diamond 5 ranks.

Habcoin Bonus

Pearl and higher ranked affiliates are awarded a monthly Habcoin bonus as follows:

Pearl 5 Habcoin

Sapphire – 10 Habcoin

Ruby – 20 Habcoin

Emerald – 30 Habcoin

Platinum – 40 Habcoin

Diamond and higher – 50 Habcoin

Joining Hab Coin

Affiliate membership with Hab Coin is:

€100 EUR a month

€150 EUR for two months or

€1500 EUR for eight months

Conclusion

Habcoin appears to be yet another MLM cryptocurrency that is completely worthless outside the attached MLM income opportunity.

That income opportunity in this instance is Hab Coin, who appear to be dumping pre-mined Habcoin onto Hab Coin affiliates for real money.

There is mention of an exchange being available on the Hab Coin website as of August 26th. This however appears to be an inhouse exchange with Habcoin not publicly tradeable at the time of publication.

With nothing being marketed or sold to retail customers, the MLM side of Hab Coin meanwhile is pyramid recruitment.

With €92 EUR of investment generating 30 BV, it’s pretty obvious that this is designed as a monthly autoship fee for commission qualification.

Hab Coin affiliates sign up and invest in Habcoin, with commissions paid when they recruit others who do the same.

That the only value assigned to Habcoin is funds invested by Hab Coin affiliates adds an additional Ponzi layer to the scheme. This of course depends on how Hab Coin want to handle affiliate withdrawals of Habcoin.

If the company washes its hands of withdrawals and only lets Hab Coin affiliates trade Habcoin with other affiliates via the inhouse exchange, it’s a pump and dump scheme.

for Unicornadz.com this guy is related to their website somehow because I find his email in a php script file that handle money deposits so I’m sure that he is the owner of Unicornadz or the guy who programmed the script for them.

if you put his phone number in a google search you will find that he own a company called glosf.in related to web development.